Alumina Partners commits up to $5 mln to Aurora Cannabis
Canadian medical marijuana producer Aurora Cannabis Inc (CSE: ACB) has agreed to receive a draw-down equity facility of up to $5 million from Alumina Partners, a U.S. private equity firm. Founded in 2013, Aurora operates a 55,200 square-foot production facility in Mountain View County, Alberta. It said the proceeds of Alumnia's investment will provide the company with the financial flexibility and working capital required to pursue its business strategy.
6 June 2016•3 mins read
